(Magnite Inc. )
| MGNI latest price $8.6300 (-7.3%) ($8.3800 - $9.1200) on Thu. Oct. 15, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.38% (three month average) |
RSI | 79 |
Latest Price | $8.6300(-7.3%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 1.1% a day on average for past five trading days. |
Weekly Trend | MGNI advances 12.5% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MGNI advance at 0% a week (0% probability) ARKK(66%) IBUY(66%) IWO(64%) ONLN(64%) IPO(63%) |
Factors Impacting MGNI price | MGNI will decline at least -2.19% in a week (0% probabilities). VXX(-37%) VIXM(-37%) UUP(-25%) DRIV(-7%) EDOC(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | |
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Market Trend Strength | -2.19% (StdDev 4.38%) |
Hourly BBV | 0 () |
Intraday Trend | -3.8% |
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